Oil Prices in July 2016: WTI & Brent Daily Prices and Monthly Average
WTI averaged $44.65 per barrel in July 2016, down $4.11 (8.4%) from June 2016. A year earlier, in July 2015, it averaged $50.90, so the price was lower by $6.25 (12.3%) year over year.
Daily spot prices, July 2016
Chart data table (21 rows)
| Period | WTI | Brent |
|---|---|---|
| Jul 29, 2016 | $41.54 | $40.76 |
| Jul 28, 2016 | $41.13 | $41.87 |
| Jul 27, 2016 | $41.90 | $42.78 |
| Jul 26, 2016 | $42.16 | $43.56 |
| Jul 25, 2016 | $42.40 | $43.76 |
| Jul 22, 2016 | $43.41 | $44.24 |
| Jul 21, 2016 | $43.96 | $44.99 |
| Jul 20, 2016 | $44.96 | $45.82 |
| Jul 19, 2016 | $44.64 | $45.70 |
| Jul 18, 2016 | $45.23 | $45.35 |
| Jul 15, 2016 | $45.93 | $46.25 |
| Jul 14, 2016 | $45.64 | $46.01 |
| Jul 13, 2016 | $44.87 | $44.67 |
| Jul 12, 2016 | $46.82 | $46.72 |
| Jul 11, 2016 | $44.73 | $44.04 |
| Jul 8, 2016 | $45.37 | $44.53 |
| Jul 7, 2016 | $45.22 | $45.93 |
| Jul 6, 2016 | $47.37 | $45.70 |
| Jul 5, 2016 | $46.73 | $45.64 |
| Jul 4, 2016 | — | $48.02 |
| Jul 1, 2016 | $49.02 | $47.65 |
Prices fell over the month, from $49.02 on Jul 1, 2016 to $41.54 on Jul 29, 2016. The largest one-day move was −$2.29 on Jul 5, 2016 (−4.7%).
Brent averaged $44.95, within a dollar of WTI on average across the 20 dates when both were published.
Adjusted with CPI-U, the July 2016 average equals $62.52 in September 2026 dollars.
July 2016 summary
| Measure | WTI | Brent |
|---|---|---|
| Monthly average | $44.65 | $44.95 |
| Change vs June 2016 | −$4.11 | −$3.30 |
| Change vs July 2015 | −$6.25 | −$11.61 |
| Highest daily price | $49.02 Jul 1, 2016 | $48.02 Jul 4, 2016 |
| Lowest daily price | $41.13 Jul 28, 2016 | $40.76 Jul 29, 2016 |
| Published daily observations | 20 | 21 |
| Average in September 2026 dollars (CPI-U) | $62.52 | $62.94 |
Monthly averages are EIA's published figures. Real figures use CPI-U for July 2016.
Source and methodology
| Provider | Series | Units | Coverage | Latest observation |
|---|---|---|---|---|
| U.S. Energy Information Administration | RWTC — WTI spot price FOB (daily, monthly) | $/bbl | Jul 1, 2016 – Jul 29, 2016 | Jul 29, 2016 |
| U.S. Energy Information Administration | RBRTE — Brent spot price FOB (daily, monthly) | $/bbl | Jul 1, 2016 – Jul 29, 2016 | Jul 29, 2016 |
| U.S. Bureau of Labor Statistics | CUUR0000SA0 — CPI-U, all items, NSA | index, 1982–84=100 | monthly | September 2026 |
Last updated: Oct 21, 2026, 5:27 PM CDT. Raw values are shown in source units; any conversion is labeled. See methodology and data sources.
Download:2016 daily prices (CSV)